Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Raflesia
on 11/01/2024, 19:34:38 UTC
Bitcoin is a long term high yielding crop. The crop that takes a long time to produce is also very profitable. If you had bought $550 worth of bitcoins in 2015-2016, $550 would have grown about 15-16 times. One piece of advice I have for everyone, which I'm very keen to implement myself, is to say you have $20 and invest it in Bitcoins, and then invest $20 in Bitcoins, so at one time you have $20+$20. = $40 will multiply.From there you keep a portion of the profit for yourself and reinvest it with Bitcoin. At some point that $40 of yours will turn into almost $400. Thus $400 to $4000 then $4000 will influence you towards success.
If there is any mistake between the words, please correct it.
Don't focus too much on the obsession for btc to increase one or 2 times what is imagined, just focus on doing what you can to increase your portfolio because in the end this will be much better than always imagining that when we invest in a certain nominal number, we will get x2 or x3 profits and so on because if something like that is done, even though it is good enough to expect an increase in what we plant, it can actually interfere with your planning.

Now that btc has gone up even more and the price is currently over $40k so here too sometimes it will always be a problem for some people who are in DCA because they will think that this is too high to buy and not infrequently stop their DCA activities for a longer time until the price drops a lot but if we are already focused on doing consistency I think we already know what we have to do so from this it is important for those who do DCA especially if they want consistency, price issues sometimes have to be put aside first.